Tag: Tema Oil Refinery
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Ing. Ato Morrison appointed acting Managing Director of TOR
Ing. Herbert Ato Morrison has been appointed the acting Managing Director of the Tema Oil Refinery, Citi News can confirm. His appointment follows the resignation of Isaac Osei, who served as the MD of the company for nearly three years. A source at the refinery disclosed to Citi News that the mantle fell on Ing.…
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TOR MD was forced to resign after he refused ‘corrupt’ deal — Think tank alleges
The Institute of Energy Security (IES) is alleging that the recent resignation of the Managing Director of Tema Oil Refinery, Isaac Osei, was induced by persons who wanted him to approve a shady deal that would have cost taxpayers millions of dollars. The energy policy think tank in a press release stated that its investigations…
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Isaac Osei resigns as Tema Oil Refinery MD
The Managing Director of Tema Oil Refinery, TOR, Isaac Osei, is set to depart the company effective January 2020, according to sources close to the company. He is said to have announced his decision at a staff gathering to end the year 2019. Although the reasons for his departure are not immediately known, Citi Business…
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Tema Oil Refinery seals deal to refine 11 million barrels of crude oil
The Tema Oil Refinery (TOR) has signed an agreement with Woodfield Energy Resources to process a tolling 11 million barrels of crude, Isaac Osei, Managing Director of TOR, has revealed. Mr. Osei said Woodfield Energy Resources’ long history with the Refinery and its knowledge on energy business in Ghana and Africa originated and led the…
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Tema Oil Refinery explains GHS186 million loss
The Tema Oil Refinery has said that the GHS186 million it incurred as a loss in the first four months of the year was not due to trading or transactional activities. Reacting to media reports about the loss, a statement from TOR said the amount was as a result of financial interest charges and exchange…
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Government’s Gh¢1.32 billion owed GNPC needs urgent attention — Parliament
A report by the Finance Committee of Parliament has revealed that state-owned entities (SOEs) have defaulted in paying some GH¢1.32 billion owed the Ghana National Petroleum Corporation (GNPC) — an act which the committee warns would negatively impact on the company’s operations. The Committee in its assessment of the 2018 PIAC Semi-Annual Report on the…
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Allow TOR to refine Ghana’s crude oil — TOR MD
The country’s refinery must be allowed to refine portions of Ghana’s crude oil for the local market instead of selling all on the international market, Isaac Osei, Managing Director of the Tema Oil Refinery(TOR) has said. Mr. Osei noted that at the moment, Ghana National Petroleum Corporation (GNPC) sells all of the country’s oil on…